VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) - GEO MINERALS LTD. (TSX VENTURE:GM)(FRANKFURT:8G3) ("Geo" or the "Company") reports it has acquired two additional mineral claims both adjacent to, and in the vicinity of, the 100 per cent owned West Blackwater property located approximately 150 kilometers south of Vanderhoof, B.C.
Claim number 834998 comprises 426.3 hectares and is contiguous on the eastern boundary with the Company's West Blackwater property. The Company has uncovered significant soil geochemical anomalies (see PR dated December 14th, 2010) within 150 meters of the common boundary.
Claim number 834367 comprises 484.1 hectares and is located north of the West Blackwater property, separated by a narrow (450 meter) claim owned by Richfield Venture Ltd. (RVC-TSX:V), which follows the access road.
To acquire 100% of the properties Geo will pay the vendor $25,000 plus issue 100,000 common shares.
A finders fee will be payable.
This transaction is subject to TSX Venture approval.
Geo Minerals is a junior exploration company actively seeking mineral opportunities in North America for the benefit of all its stakeholders. For further information we invite you to visit us at www.geominerals.ca.
ON BEHALF OF THE BOARD
Michael England, PresidentNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.